This note proposes a full description of the Calvo price-setting model based on partial prices indexation and studies the interaction between partial indexation and trend inflation. We show that to use a hybrid version of the Phillips curve partly decreases the risks of overestimate due to the...

Nous explorons d’un point de vue microéconomique, à la fois théoriquement et empiriquement, les liens entre le renouvellement des générations et la dynamique technologique de l’entreprise en tenant compte des asymétries de position qui caractérisent les différentes générations et...

This paper examines whether patenting increases the private incentives to innovate in manufacturing. To study this issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product, process) and on the existence of a patent protection or not....

L’objectif de cette étude est d’évaluer l’incidence des mesures d’allégement de cotisations sociales sur les bas salaires à partir d’un panel sectoriel (NAF 16) et sur les vingt dernières années. Le modèle de portée général décrit l’impact du progrès technique biaisé, de...

We investigate the implications of cross-country heterogeneity within the euro area for the design of optimal monetary policy. We build an optimizing-based multi-country model (MCM) describing the euro area in which differences between structural parameters across countries are allowed. Using...

Monthly panel (1998-2003) data from regional labor offices in Latvia are used to analyze the matching process in a high unemployment – low labor demand environment and to evaluate the impact of active labor market policy programs on outflows from unemployment. Results suggest that the hiring...

Les études appliquées sur l’évolution de l’instabilité de l’emploi conduisent à des résultats contradictoires. Pour les uns, il y aurait à la fois montée structurelle de l’instabilité de l’emploi et généralisation à l’ensemble des catégories de main-d’oeuvre. Pour les...

We provide new evidence on the fit of the hybrid Phillips curve based on indexation of prices to lagged inflation and trend inflation for the Euro area and the United States over the period 1970-2002. The GMM-West estimates suggest that (i) a full indexation scheme is not data consistent whereas...

Social Security provisions impose a tax on continued work whereas delaying the retirement age would be favorable for the financial stability of the system. It is often argued that this tax could be removed by implementing actuarially fair schemes. However, by defimtion, actuarially fair benefits...